The Influence of Anti-Corruption Legislation on the Codes of Ethics of Organizations Certified by Pró-Ética 2017 in the Light of Institutional Theory
Keywords:Codes of Ethics, Compliance, Institutional Theory
Based on Institutional Theory, the research aims to describe and investigate how the contents of the codes of ethics of companies certified with the 2017 Pro-Ethics Seal, considering different sizes and sectors, are differentiated according to the specifics of their businesses regarding compliance aspects. In a study with a qualitative and quantitative approach, through document analysis of 23 codes of ethics, mention was made of the adoption of 17 anti-corruption categories that impact business transaction costs. As a result, it was found that codes of ethics: i) reflect the categories that deal with compliance programs; ii) in the comparison between sizes and sectors, they present coercive (legislation) and mimetic (organizations) isomorphism traces in different intensities; iii) indications that larger companies adopt compliance mechanisms that are more consistent with their specificities and adapting their transaction costs; and iv) the transaction costs covered in its contents are not always consistent with the legal compliance risk profiles (small and third sector companies). It is concluded that the codes of ethics need improvements in the alignment of their contents, to represent an effective compliance program, according to sizes, sectors and business risks.
Keywords: Codes of Ethics, Compliance, Institutional Theory.
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